Carisway Facilities Management Limited (01799249): administration
- Status
- Administration ended
- Administration began
- 2015-05-01
- Administrators' firm
- FRP Advisory
- Formerly
- Carisway Contract Cleaning Limited; Morangate Limited
- Incorporated
- 1984-03-12
- Location
- London
- Industry
- 81299 Other cleaning services
Why it went into administration
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Sustained trading losses
From the administrators' statement
The Company was incorporated In March 1984 and operated nationally providing cleaning, security and waste services to a range of commercial, private and public sector customers It operated from premises in Fareham, Hampshire under license.
The Company has historically been loss making, generating net losses of £26k and £51k (per the unaudited annual and management accounts) for the financial years 2013 and 2014 respectively.
As a result of the above, the Company had experienced cash flow difficulties following the loss of a large contract with a university in late 2014.
Administrators' statement of proposals (2015-05-19) · Companies House register